Needham & Company LLC Reaffirms Buy Rating for NAPCO Security Technologies (NASDAQ:NSSC)

NAPCO Security Technologies (NASDAQ:NSSC)‘s stock had its “buy” rating reiterated by research analysts at Needham & Company LLC in a report issued on Friday,Benzinga reports. They currently have a $49.00 price target on the industrial products company’s stock. Needham & Company LLC’s price objective suggests a potential upside of 29.73% from the stock’s previous close.

NSSC has been the topic of several other reports. DA Davidson restated a “buy” rating and set a $52.00 price target on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. Wall Street Zen lowered shares of NAPCO Security Technologies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. TD Cowen reiterated a “buy” rating and set a $53.00 target price (up from $50.00) on shares of NAPCO Security Technologies in a research report on Tuesday, May 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of NAPCO Security Technologies in a report on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $48.67.

NAPCO Security Technologies Stock Down 0.1%

Shares of NSSC opened at $37.77 on Friday. NAPCO Security Technologies has a 12-month low of $30.03 and a 12-month high of $48.12. The business has a 50-day simple moving average of $37.54 and a two-hundred day simple moving average of $40.07. The stock has a market cap of $1.35 billion, a PE ratio of 36.32 and a beta of 1.45.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NSSC. IFP Advisors Inc boosted its stake in NAPCO Security Technologies by 193.3% during the 3rd quarter. IFP Advisors Inc now owns 572 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 377 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of NAPCO Security Technologies by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 6,313 shares of the industrial products company’s stock valued at $263,000 after purchasing an additional 407 shares in the last quarter. Legal & General Group Plc boosted its position in shares of NAPCO Security Technologies by 1.0% during the third quarter. Legal & General Group Plc now owns 43,937 shares of the industrial products company’s stock valued at $1,887,000 after buying an additional 430 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of NAPCO Security Technologies by 1.3% during the third quarter. Alliancebernstein L.P. now owns 36,826 shares of the industrial products company’s stock valued at $1,582,000 after buying an additional 474 shares during the last quarter. Finally, Quantinno Capital Management LP grew its holdings in NAPCO Security Technologies by 3.2% during the first quarter. Quantinno Capital Management LP now owns 19,464 shares of the industrial products company’s stock worth $767,000 after buying an additional 596 shares in the last quarter. Institutional investors own 85.07% of the company’s stock.

About NAPCO Security Technologies

NAPCO Security Technologies, Inc (NASDAQ: NSSC) is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company’s product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO’s offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.